Payment of fees by Stock Brokers

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....okers and Sub Brokers) (Third Amendment) Regulations 2006 vide notification No S.O.1600(E) dated 25th September 2006 inserting Schedule III-A and amending Schedule IV of the SEBI (Stock Brokers and Sub Brokers) Regulations, 1992 (hereinafter referred to as 'Regulations'). The Notification is available on SEBI website - www.sebi.gov.in Pursuant to the amendment the Stock Exchanges are advised as ....

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....e required to pay the fees only at the one stock exchange as opted by the stock broker. For this purpose the stock broker shall be required : a. to express in writing the name of the stock exchange where the off market transactions be included for the payment of fees. b. to intimate the respective stock exchanges where he is having multiple membership about his intention for inclusion of off m....

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....gulations and sub clause (1) of Clause 3 of Schedule IV of said regulations. 5. The stock exchanges are also advised to : a. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately. b. bring the provisions of this circular to the notice of the member brokers/clearing members of the Exchange and also to disseminate the ....